• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Sensei Inu Logo Sensei Inu Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
      • Casino utan svensk licens
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
  • Best crypto casino
Breaking News: Breaking: Bitcoin Repayment Plan Gets New Deadline From Mt. Gox Trustee
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
      • Casino utan svensk licens
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
  • Best crypto casino
Bitcoinist.com
No Result
View All Result
Breaking News: Breaking: Bitcoin Repayment Plan Gets New Deadline From Mt. Gox Trustee
Bitcoin

Regulated Bitcoin Futures In LatAm: Argentina Considers Proposal

Julia Arvelaiz by Julia Arvelaiz
2 years ago
in Bitcoin
0

A petition to launch regulated Bitcoin futures and options in Argentine pesos has been submitted by Matba Rofex, Argentina’s largest futures market, to the National Securities Commission (CNV).

Matba Rofex is the most prominent market for futures and options in Argentina. They currently have a BTC MtR index expressed in Argentinian Pesos (ARS) calculated every 1 minute.  They have also shown interest in the direct investments of crypto-assets and startups.

This petition was just disclosed to the public by the members of Matba Rofex, but the deputy general manager of financial markets, Ismael Caram, further revealed that they had already asked for the authorization past December, and said they understand the permit would not come as fast as those given to other products since Bitcoin futures are still unknown territory to them.

The company would target “qualified and specialized investors” and well-informed corporates about “the product and its volatility” instead of the general market. They expressed that they intend to keep the general market in mind, but the decision comes from the need to comply with Argentina’s security regulators.

Although bitcoin futures and options are already offered by many international exchanges, none are officially regulated by the official regulators or the Central Bank in Latin America.

The deputy stated on a call with Bloomberg:

We want to attract those clients from the regulated market that cannot operate on unregulated exchanges, (…) We perceive an incipient but continuous demand from clients, who want to add exposure in crypto assets.

Regulations by the CNV would allow access to the Bitcoin futures and options market for institutional investors that otherwise face many regulations when intending to place holdings in the other platforms available worldwide. The company further explained to a local news portal:

Although the Bitcoin Index cannot be traded today, Matba Rofex has presented a Futures and Options project on this index to the CNV and hopes that it can be a reference for other capital market products, such as Common Investment Funds or ETF. These are novel products whose approval may be delayed. Matba Rofex’s initiatives also include direct investment in crypto assets and in startups related to this new industry,

Is The Bitcoin Futures Regulation Possible?

In the general Argentinian cryptocurrency panorama, there is a lot of talk around whether Argentina could follow Salvador’s steps into adopting Bitcoin as a legal coin.

With a high inflation rate and a system that does not allow Argentinians to easily sell and purchase dollars to the better price in the market, many of them are adopting cryptocurrencies as a way to have savings and investments.

Earlier, Argentina’s president had been rather unclear about the government’s views when stating that he believes adopting cryptocurrencies could help deal with the hyperinflation, but recognized his poor knowledge on the subject. This event has led to many comments and speculation.

Related Reading | Crypto Tug Of War: President And Central Bank of Argentina Don’t See Eye To Eye

There is a current discussion around a possible bill that intends to officially offer wages in Bitcoin and other digital coins as an alternative to official currency.  The deputy José Luis Ramón stated that this project

is born from the need of promoting a larger autonomy and governance of the salary, without the implications of losing rights or being exposed to abuse-related situations in the work place.

Matba Roflex’s petition comes in a time where cryptocurrencies are a major interest for the Argentinian government and economists. However, the general expectations for these regulations to be accepted soon are low, since the CNV has not been the most enthusiastic party regarding digital coins.

Spokespersons from the CNV told the local news portal Infobae:

The CNV has held meetings with Rofex on this issue, and has made it clear that although it will evaluate the product, today it is not a priority on its agenda, and it also depends on the opinion of other areas of the state such as the Ministry of Economy and the Central Bank of the Argentine Republic,

Related Reading | Leading European Exchange Eurex To Launch Bitcoin ETN Futures

Bitcoin
Bitcoin total price at $60,675 in the daily chart | Source: BTCUSD Tradingview
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.

Julia Arvelaiz

Julia Arvelaiz

Related Posts

Bitcoin

Bitcoin Roadblock Unveiled: Analyst Identifies Barrier Faced By The Top Crypto

12 hours ago
Bitcoin ESG

Bitcoin Is The Ultimate ESG Asset, Expert Validates

18 hours ago
Bitcoin

Six And Counting: The Global Bitcoin Billionaire Phenomenon Unveiled

3 days ago
Bitcoin price Fed

How Has The Fed’s Decision Impacted The Bitcoin Price? Crypto CEO Weighs In

3 days ago
Bitcoin

Bitcoin Next Moonshot? Santiment’s Intriguing Insights For Crypto Enthusiasts

4 days ago
Bitcoin shorters

Bullish Signal: Bitcoin Could Reach $30,000 As BTC Continues To Defy Shorters

5 days ago
Please login to join discussion

Premium Partners

Premium Casino Partners

Play Finance

Top Casinos

Trust Dice
Trust Dice
Punt Casino
Punt Casino
mBit
mBit

Press Releases

  • The Growing Traffic to the Scorpion Casino Presale Hints at...

    47 mins ago
  • VeChain (VET) and Avalanche (AVAX) Market Dilemmas: New...

    7 hours ago
  • Can Solana (SOL) and Ripple (XRP) Prices Make a Surprise...

    8 hours ago
  • Volatile Market, Yet Bitcoin (BTC) Reaches Monthly Peak...

    13 hours ago
  • Shiba Inu (SHIB) Into the Top Jobs Ecosystem, Pepe (PEPE)...

    13 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
© 2023 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
      • Casino utan svensk licens
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
  • Best crypto casino

© 2023 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.